Country: Pacific Page 43 / 116
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- November 14 2023
New Zealand fully implements doubled natural hazard cover for insured homes
EQcover provides first loss insurance for damages caused by volcanic eruptions, earthquakes, tsunamis, land slips, and hydrothermal activity, as well as some limited cover for damage to residential land from storms and floods.
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- November 14 2023
Tower nearly doubles discount lapse costs to US$10.3m, CEO apologises
The Kiwi insurer has now taken into account repayments to around 65,000 customers and also a potential regulatory penalty.
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- November 14 2023
Gallagher Australia acquires Edgar Insurance Brokers
The Cobram, Victoria-based family business is the fifth acquisition by the global broker in Australia this year.
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- November 14 2023
ICA panel to review general insurance code
The three-person panel led by former APRA deputy chair will complete the review in two phases deliver its findings by June 30, 2025.
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- November 14 2023
Risk pools may not be the panacea for APAC’s cyber challenges: Gallagher Re’s Braney
As cyber-attacks continue to be huge issue for the region, governments should look at raising awareness, educating and knowledge-sharing, says the broker's head of international cyber.
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- November 14 2023
Kiwi carriers resilient despite record cat claims: AM Best
Solid premium growth on rate hikes and capital buffers afford a stable outlook for the industry, according to the rating agency.
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- November 13 2023
Envest-backed Aviso buys Sydney SME specialist
The Trent Mockford-owned corporate authorised representative business has US$3.82m in gross written premium.
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- November 13 2023
IAG joins Australian cyclone reinsurance pool
The carrier's brands will pass on savings from the pool to new customer policies and renewals for home, commercial property, residential strata and landlord policies.
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- November 9 2023
Berkley Insurance Australia names Kirsty Owens as national e-business manager
Greater Adelaide-based Owens will report to BIA chief executive officer Tony Wheatley.
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- November 9 2023
Arch Australia launches new cyber practice with Chubb hire
Sydney-based Rachel Green will lead the development of Arch’s cyber insurance portfolio across Australia and the Pacific region, reporting to regional manager Dominic Brannigan.
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- November 8 2023
Marsh promotes John Donnelly from APAC to global head of placement
Sydney-based Donnelly will relocate to London and start at his new role on January 1, 2024.
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- November 7 2023
Cyber specialist Coalition launches in Australia with multi-year Allianz capacity
The insurer offers cyber insurance and tech E&O coverages on a primary basis with up to US$2 billion in turnover and no minimum premium.
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- November 6 2023
Coastsure Insurance Brokers acquires Ausure Gold Coast Insurance Brokers
Ausure Gold Coast’s principal, Richard Bell, will assist with the integration of the portfolio into Coastsure.
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- November 6 2023
IAG accuses Greensill of misleading German regulator: report
In a court filing, the Australian carrirer said that the failed trade lender did not disclose that it had agreed to fund its own insurance claims when it presented a credit insurance guarantee to the country's regulator.
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- November 3 2023
Roshan Perera to lead Gallagher Re APAC strategic solutions
Prior to joining Gallagher Re last year, Perera had spent over 12 years with consultancy firm consultant NMG Consulting.
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- November 3 2023
Howden snaps up Perth broker Unicorn Risk Solutions
The London-based broker had picked up minority interest in this business late last year and decided to fully acquire after it "delivered significant benefits".
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- November 2 2023
AUB-owned Tysers to settle US Department of Justice probe for US$47m
The matter related to Integro Insurance Brokers and the conduct of business in Ecuador between 2013 and 2017.
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- November 1 2023
QBE exits Papua New Guinea market
The Australian insurer divested its subsidiary to Alpha Insurance.
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- November 1 2023
Floodbase and Ag Guard tie-up for parametric agri cover in Australia and New Zealand
The products are scheduled to be available in 2024 and will offer region-specific pricing that trigger payouts automatically when flooding exceeds predetermined thresholds.
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- November 1 2023
APRA applies US$12.7m capital requirement to RAC Insurance after governance review
A review by the regulator revealed significant weaknesses in areas of outsourcing controls, conflict management and board decision making at the Western Australia motor insurer.
